Nairobi, June 21 -- Growth in corporate tax receipts has slowed to the weakest level in five years, exposing the government's struggle to squeeze more revenue from businesses and triggering Treasury's failed bid to raid a minimum of 60 percent of retained earnings.

Analysis of the latest taxation data for nine months ended March 2026 shows that taxes paid by corporations and other enterprises on their income, profits and capital gains rose by a minimal 5.24 percent to Sh351.6 billion.

This marked the weakest expansion since the economy emerged from the Covid-19 downturn, extending a four-year decline from the 21.3 percent expansion recorded in the nine months to March 2022.

The figures indicate that while Corporate Kenya remains profit...